BIR RULINGS ON NON-TAXABILITY NON-TAXABILITY OF TRANSFERS INVOLVING NOMINEE/TRUST SHARES
April 3, 1997; BIR RULING NO !39-97; "1 #$%, "& #'% #"; !!!-!! !39-97 R()*l(, M++.+, B*'+'.*r+ S+0( 2 ' L(4 A5'l'4 3!/F 6i.i+ 6i.i + T(8'r T(8'r +4'( $' R(:+4, M++.i 6i.0 A..'.i( E$)*$( G*'+rr+ +$ ri4ill+ B V+l'r G'.l')' T*'4.i5, i '<+l= (= 0(*r li'., .<' *ir'4 .<+. +ll 4<+r'4 (= 4.( (= + (rp(r+.i( )*4. ' 'i$''$ 0 + 'r.i=i+.' +$ + 4.(<(l$'r 8<( <+4 =*ll0 p+i$
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4<+ll ' 4*@'. .( +pi.+l 5+i4 .+: (r 4.( .r+4+.i( .+:, +4 .<' +4' )+0 ', +$ .( $(*)'.+r0 4.+)p .+: M(r'('r, *$'r S'.i( 191 (= .<' (*)'.+r0 S.+)p S.+) p T+: T+: R'5*l+.i(4 #R''*' R'5*l+.i(4 N( "%, .<' ('0+' (= pr(p'r.0 .( + .r*4.'' i4 ':')p. =r() $(*)'.+r0 4.+)p .+: S'.i( 191 (= 4+i$ R'5*l+.i(4 pr(i$'4 ?S'.i( ?S'.i( 191 6('0+' 6('0+' .( .( .r*4.''4 .r*4.''4 (r =r() .r*4.'' .r*4.'' .( .( '4.*i '4.*i >*' .r*4., 8i.<(*. (4i$'r+.i (4i$'r+.i( ( 6('0+'4 .( + .r*4.'' 8i.<(*. +l*+l' (4i$'r+.i(, (r =r() + .r*4.'' .( + '4.*i >*' .r*4. 8i.<(*. +l*+l' (4i$'r+.i( +r' (. 4*@'. .( .+:? T<*4, 0(*r (pii( .<+. .<' ('0+' (= .<' 4<+r'4 =r() .<' 4.(<(l$'r4 .( .<' ()i'' 6 N()i'' 6(rp(r+.i( +$ 'r4+, i4 (. 4*@'. .( $(*)'.+r0 4.+)p .+: p*r4*+. .( S'.i( 191 (= R''*' R'5*l+.i(4 N( ", (.<'r8i4' (8 +4 T<' (*)'.+r0 S.+)p T+: R'5*l+.i(4, i4 li'8i4' <'r'0 (=ir)'$ A(r$i5l0, A(r$i5l0, .<' Tr+4='r A5'.4 (= .<' p*lil0 li4.'$ ()p+i'4 )+0 +'l .<' ( *.4.+$i5 4<+r'4 'r.i=i+.' i .<' +)' (= .<' 4.(<(l$'r4 +$ i44*' .<' D*)( 6'r.i=i+.' i .<' +)' (= 6 N()i'' 6(rp(r+.i( =(r i))(iliC+.i( Li'8i4', i .<' ''. + 4<+r'<(l$'r 8i.<$r+84
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'')'r "3, "!!; BIR RULING A-""-!J; "& #6%; A 7-!& R()*l( M++.+ B*'+'.*r+ S+0( 2 ' L(4 A5'l'4 3!.< Fl((r, 6i.i+ 6i. i+ T(8'r 7&1 +4'( $' R(:+4 M++.i 6i.0 A..'.i( A..0 A..0 ri4ill+ B V+l'r +$ A..0 D+04( L F'r+$'C G'.l')' T*+li=i'$ .( ++il (= +$ *4' (= .<' +ri(*4 =+ili.i'4 (= .<' M+il+ (l( 6l*; .<+. Mr B+*.i4.+ r'.ir'$ =r() KRAFT; .<+. $*' .( .<' 4''r+' (= *'4. (=ir)+.i( (= 0(*r (pii( .<+. .<' .r+4='r (= .<' +=(r'4+i$ 4<+r' i4 (. 4*@'. .( +pi.+l 5+i4 .+: (r i()' .+: i)p(4'$ *$'r S'.i( "% (= .<' T+: 6($' (= 1997 +$ .( .<' $((r4 .+ : i)p(4'$ *$'r Ti.l' II (= .<' 4+i$ 6($' I r'pl0 .<'r'.(, pl'+4' ' i=(r)'$ .<+. 4i' .<' .r+4='r (= .<' pr(pri'.+r0 )')'r4
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O.('r 1&, "!!3; BIR RULING A-37-!3J; "& #6%; A-!13-97, A-&"-9 Ar++4 6(4*@i B+rl'.+ Ui. 1! G/F L' M'.r(p(l' B*il$i5 3" T(r$'4ill+4 T(r$'4ill+4 (r ' l+ 6(4.+ S.r''.4 S+l'$( Vill+5', M++.i 6i.0 A..'.i( A..0 A..0 D'4*4 6li. O Ar++4 G'.l')' T*'4.i5 =(r +$ i '<+l= (= 0(*r li'., Ori( L+$, I #OLI% =(r + (=ir)+.i( (= 0(*r (pii( .<+. .<' .r+4='r (= 4<+r'4 (= 4.( =r() G*(( S'*ri.i'4 #*ir'$ &9,99 4<+r'4 (= 4.( (= L* H( V'.*r' H(l$i54, I #LHVHI%; .<+. .<'4' 4<+r'4 8'r' r'5i4.'r'$ i .<' +)' (= GSI 6li'. A(*.; .<+. .<' +rr+5')'. 8+4 ('r'$ 0 + ''$ (= Tr*4. '.8'' GSI 6li'. A(*. +$ OLI; +$ .<+. .<' ''=ii+l (8'r, OLI, (8 i.'$4 .( .r+4='r .<' LHVHI 4<+r'4 .( i.4 +)' I r'pl0, pl'+4' ' i=(r)'$ .<+. i BIR R*li5 N( A-&"-9 $+.'$ '')'r ", 199 i(li5 .<' .r+4='r (= 4<+r'4 (= 4.( =r() + .r*4.'' .( + ''=ii+l (8'r 8i.<(*. (4i$'r+.i(, .
Or +0 +0 +)( +)(* *.. i ':' ':'44 44 (= (= 1!! 1!!,! ,!!! !!
1! 1!
S*< 'i5 .<' +4', +$ (4i$'ri5 .<+. i . <' ''. .<+. M'44r4 T+ +$ N5, +4 .r*4.''4 (= .<' 4+i$ 4<+r' (= 4.(, ('0 .<' 4+)' i =+(r (= .<' ''=ii+l (8'r4 (r .<'ir $*l0 +pp(i.'$ .r*4.''4 .<'r' 8(*l$ ' ( +.*+l .r+4='r (= (8'r4*'. .r+4='r 0 .<' N()i'' .( .<' ''=ii+l (8'r (= 4<+r'4 (= 4.(, 8i.<(*. (4i$'r+.i(, 8ill (. i(l' +0 +.*+l 4+l' (r ('0+' (= (8'r4
*$'r S'.i( "1#$% (r S'.i( 1"&-A (.< (= .<' . <' T+: T+: 6($', +4 +)'$'$ Li'8i4', .<' .r+4='r i4 (. 4*@'. .( $((r4 .+: 4i' i. p'r.+i4 .( .<' .r+4='r =(r .r*4.''/N()i'' .( .<' r'+l (8'r F(ll(8i5 .<' 4.+$ (= .
April 1!, "!!; BIR RULING A-"31-!J; "& #6%; 9; 17; A-"-!3 *0+. D+i.( 2 S+.(4 L+8 O==i'4 1"/F M+il++ B*il$i5 77" A0+l+ A'*' M++.i 6i.0 A..'.i( A..0 A..0 N+@<+ K+.ri+ D E4.r'll+ G'.l')' T*'4.i5 ( '<+l= (= 0(*r li'., 'r=(r)+' A4i+ *+li=0 +4 $ir'.(r +$ '8 .r*4.'' (= 6I I r'pl0, pl'+4' ' i=(r)'$ .<+. *$'r S'.i( "& #6% (= .<' T+: 6($' (= 1997, + =i+l .+: . +: +. .<' r+.'4 (= +$ 1! 4<+ll ' i)p(4'$ *p( .<' '. +pi.+l 5+i4 r'+liC'$ $*ri5 .<' .+:+l' 0'+r =r() .<' 4+l', +r.'r, ':<+5' (r (.<'r $i4p(4i.i( (= 4<+r'4 (= 4.( i + $()'4.i (rp(r+.i(, ':'p. 4<+r'4 4(l$, (r $i4p(4'$ (= .
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V'r0 .r*l0 0(*r4, 6())i44i('r (= I.'r+l R''*' B0 #SG% DAMES H ROLAN A44i4.+. 6())i44i('r L'5+l S'ri' B*r'+* (= I.'r+l R''*'
D+*+r0 1!, 1997; BIR RULING A-!13-97J B'l( G(C( El)+ +r'l+4*i( 2 L*il+ 1.< Fl((r, S+5i..+ri*4 6($()ii*) HV HV $'l+ 6(4.+ S., S+l'$( Vill+5' M++.i 6i.0 A..'.i( A..0 A..0 6+.<'ri+ M F'r+$'C G'.l')' T*'4. + (=ir)+.i( (= 0(*r (pii( .<+. 1 T<' ':'*. ':'*.i( i( (= .<' .<' .r+4= .r+4='r 'r (= .<' B+ B+ 4<+r 4<+r'4 '4 =r() =r() A..0 A..0 F'lip F'lip' ' L G(C( G(C( .( FLG FLG i4 i4 li'8 li'8i4' i4' (. 4*@'. .( +pi.+l 5+i4 .+:, $((r4 .+: +$ $(*)'.+r0 4.+)p .+: " T<' T<' 4*4 4*4'> '>*' *'. . .r+ .r+4= 4='r 'r (= (= .<' .<' B+ B+ 4<+ 4<+r' r'44 =r() =r() A..0 A..0 F'lip F'lip' ' L G(C G(C( ( .( .( FLG FLG i4 li li'8 '8i4 i4' ' (. (. 4*@'. .( +pi.+l 5+i4 .+:, $((r4 .+: +$ $(*)'.+r0 4.+)p .+: I r'pl0 .<'r'.(, I <+' .<' <((r .( i=(r) 0(* .<+. ':'*.i( (= + 'l+r+.i( (= Tr*4. 8<'r'0 + ()i'' 4<+r'<(l$'r +(8l'$5'4 +$ 4.+.'4 .<+. <' i4 <(l$i5 'r.+i 4<+r'4 i .r*4. =(r .<' r'+l (8'r, i4 (. + .+:+l' .r+4+.i(/''. F*r.<'r, .<' 4*4'>*'. .r+4='r 0 .<' N()i'' .( FLG (= .<' &99,999 B+ 4<+r'4 8i.<(*. (4i$'r+.i( 8ill (. i(l' +0 +.*+l 4+l' (r ('0+' (= (8'r4*'. .r+4='r (= .<' 4+)' 0 A..0 F'lip' L G(C( .( FLG i4 (. 4*@'. .( +pi.+l 5+i4 .+:, $((r4 .+: $(*)'.+r0 4.+)p .+: i4 <'r'0 (=ir)'$ T
